VANCOUVER, WA--(Marketwire - December 5, 2007) - Global fitness company Nautilus, Inc. (NYSE: NLS) today announced that it has mailed the following letter to its
shareholders:

December 5, 2007

Dear Fellow Shareholder:

The Special Meeting of Nautilus Shareholders called by Edward Bramson and
his hedge fund, Sherborne, is quickly approaching. We need your support to
prevent the removal of a majority of your Board's highly qualified,
dedicated directors. We invite you to read the enclosed brochure which
provides more information about your directors whom Mr. Bramson wants to
remove.

Your vote is extremely important, no matter how many or how few shares you
own. By voting AGAINST removal of a majority of your Board TODAY on the
WHITE proxy card, you are supporting our turnaround plan, which, led by our
new CEO, Bob Falcone, is well underway. Under Bob, in just a few months'
time, the following significant positive changes have already been
implemented:

-- Strengthening the Nautilus balance sheet and mitigating liquidity
concerns: we are implementing a $20 million inventory reduction plan by
the end of 2007, continuing our efforts to divest non-core assets,
including a possible sale of our technical apparel and footwear
business, Pearl iZUMi, and restructuring our credit line.
-- Improving gross and operating margins: our reduction in force is
expected to result in approximately $10 million in annual savings, plus
new cost control and quality initiatives already underway.
-- Attracting key talent: a new organizational business-unit structure is
designed to cross-check every decision to assure profitable sales
through heightened attention to detail across three distribution
channels. Recent top-level appointments include:
- Tim Joyce, head of global sales, formerly head of sales for Nike,
Adidas, fogdog.com and HO Sports;
- James Heidenreich, chief marketing officer, formerly in lead
marketing roles at Riddell Sports, Experimental Applied Sciences,
Brunswick Bicycle and Outboard Marine;
- Caroline Howe, senior vice president and general manager, with brand
experience at American Sporting Goods, Coca-Cola, Hallmark and Nike;
and
- Kenneth Fish, senior vice president and general manager, who brings
more than 20 years of senior level finance and operations
experience. He previously served as Vice President of Finance for
Vestas Americas and Asia-Pacific Finance Director for NACCO
Materials Handling Group.

Your Company needs your support to enable it to execute its strategy. Now
is not the time to allow Bramson and the other Sherborne nominees to seize
control of your Board.

You may have received a recent letter from Sherborne, in which it questions
your Board's commitment to executing our turnaround plan and touts its own
experience. Let no one question your Board's resolve. We have been
proactive in implementing change and taking steps to create shareholder
value. At the same time, as we told you in our letter of November 8, 2007,
we welcome whatever experience Sherborne has to offer. That was why,
months ago, we offered Sherborne representation on our Board in proportion
to its share ownership. In addition, we offered Sherborne seats on a new
Executive Committee whose purpose would be "to oversee the Company's
financial affairs and strategic direction" with a supervisory role over the
Company's business plans, capital structure and financing activities and
financial budget.

Sherborne rejected our offer, choosing instead to continue its efforts to
seize control of your Board. Sherborne tries to explain its decision not
to accept Board and oversight representation by claiming this was because
we asked it to execute a "standstill" agreement. What Sherborne fails to
tell you is that it never asked what your Board would require. If it had
asked, we would have explained that the only requirement for us to put its
nominees on the Board is that Sherborne refrain from running a competing
slate of directors for twelve months, so that the company, with Sherborne's
participation, can focus on its turnaround plan and bring it to fruition.
Our offer to Sherborne remains open, and we have offered representation to
Sun Capital Securities, LLC, our second largest shareholder, in the event
our nominees are elected.

Despite the fact that Sherborne appears to be stuck in "fight mode," your
Board and company has continued to move forward with our turnaround plan,
implementing the cost reductions and evaluating the potential divestitures
of non-core assets that we discuss above. We agree with Sherborne that "a
fresh, realistic and straightforward attitude on the board could make a
major difference to the shareholder value of Nautilus" -- we already have
that attitude and we have already taken actions to realize shareholder
value.

We also agree with Sherborne that it is not "the best choice" to manage
Nautilus over the long term. But while Sherborne wants to begin yet
another search for new management, Bob Falcone has hit the ground running.
It is important to know that Bob Falcone's appointment was the result of an
extensive search of more than 100 candidates brought to the independent
directors through a highly-regarded recruiting firm. Sherborne
inaccurately refers to his severance agreement as "onerous." In fact, Mr.
Falcone's agreement, unlike many customary agreements provided to public
company CEOs, does not trigger a severance payment upon a change of
control, and no payment would be due to Bob under the agreement solely as a
result of the proxy contest. Bob was the best candidate and the committee
wanted to have a permanent CEO so the turnaround could start immediately,
not three to six months down the road after the proxy contest came to an
end and a new CEO had the opportunity to get up to speed -- the Company
could not afford to sit idly by at the time and we cannot afford to put our
turnaround plan on hold now and start over from the beginning.

We are committed to delivering value for ALL shareholders. We have already
written to you about the losses suffered by Ampex's shareholders while it
was under Mr. Bramson's watch. Those facts speak for themselves. But on
this issue, we also need to inform you of another troubling fact arising
out of past actions at Ampex that we believe calls into question Mr.
Bramson's assertion that his interests "are fully aligned with the
interests of all shareholders." While at Ampex, Bramson and entities he
controlled purchased shares of Ampex stock directly from Ampex with money
borrowed from Ampex. While in control of Ampex, and as the value of the
Ampex stock dropped, Mr. Bramson and his affiliates defaulted on the loans
owed to Ampex, had a portion of their loan repayment obligations forgiven
and had the terms of some loans modified so that Ampex would only be able
to take back the Ampex stock (which had declined in value below the loan
amounts) if Mr. Bramson and his affiliates defaulted on the loans. In all,
of approximately $5.2 million in loans, approximately $4.98 million was
forgiven or not repaid and Ampex was forced to foreclose on Ampex stock
worth only $0.44 million.

Although these loans were permitted at the time, in the years following the
collapses of Enron and WorldCom (which also made loans to Messrs. Skilling
and Ebbers, among others), such types of loans have been made illegal, as
they are now deemed to be symptomatic of bad corporate governance. Ask
yourself whether Bramson and the other Sherborne nominees -- who by their
own admission are not "the best choice" for Nautilus in the long term --
deserve control of your company.

We believe that the moves already made by Bob Falcone, the management team
and the Board have been significant changes that will have a large,
positive influence on Nautilus and its turnaround -- changes that will
benefit all shareholders. This work is underway and additional changes are
in progress; but we are confident in our market opportunity, our brands and
products, our distribution strategy and the ability of our quality
management team to execute on Bob's strategy.

Your Board and management team are confident that we are on the right path
to a stronger future for Nautilus and increased value for all shareholders.
With your support -- and your vote on the enclosed WHITE proxy card -- we
can send Bramson and Sherborne a strong message by soundly rejecting their
proposals. Please use the enclosed WHITE proxy card to vote AGAINST the
removal of your directors TODAY -- by telephone, by Internet, or by
signing, dating and returning the WHITE proxy card.

Thank you for you support.

THE BOARD OF DIRECTORS

Your Vote Is Important, No Matter How Many Or How Few Shares You Own.

If you have questions about how to vote your shares, or need additional
assistance, please contact the firm assisting us in the solicitation of
proxies:

We urge you NOT to sign any green proxy card sent to you by Sherborne. If
you have already done so, you have every legal right to change your vote by
using the enclosed WHITE proxy card to vote TODAY -- by telephone, by
Internet, or by signing, dating and returning the WHITE proxy card in the
postage-paid envelope provided.

About Nautilus, Inc.

Headquartered in Vancouver, Wash., Nautilus, Inc. (NYSE: NLS) is a pure
fitness company that provides tools and education necessary to help people
achieve a fit and healthy lifestyle. With a brand portfolio that includes
Nautilus®, Bowflex®, Schwinn® Fitness, StairMaster®, and Pearl
iZUMi®, Nautilus manufactures and markets a complete line of innovative
health and fitness products through direct, commercial, retail, specialty
and international channels. The Company was formed in 1986 and had sales of
$680 million in 2006. It has 1,500 employees and operations in Washington,
Oregon, Colorado, Oklahoma, Illinois, Virginia, Canada, Switzerland,
Germany, United Kingdom, Italy, China, Australia and other locations around
the world. More information is at www.nautilusinc.com.

Safe Harbor Statement

Certain information included herein and in other company releases, reports
or documents may contain forward-looking statements, including statements
concerning estimated future sales and earnings, new product introduction,
and operational improvement. Factors that could cause Nautilus, Inc. actual
results to differ materially from these forward-looking statements include
availability of media time and fluctuating advertising rates, a decline in
consumer spending due to unfavorable economic conditions, its ability to
effectively develop, market, and sell future products, its ability to get
foreign-sourced product through customs in a timely manner, its ability to
effectively identify, negotiate and integrate any future strategic
acquisitions, its ability to protect its intellectual property,
introduction of lower-priced competing products, unpredictable events and
circumstances relating to international operations including its use of
foreign manufacturers, government regulatory action, and general economic
conditions. Please refer to our reports and filings with the Securities and
Exchange Commission, including our most recent annual report on Form 10-K
and quarterly reports on Form 10-Q, for a further discussion of these risks
and uncertainties. We also caution you not to place undue reliance on
forward-looking statements, which speak only as of the date they are made.
We undertake no obligation to update publicly any forward-looking
statements to reflect new information, events or circumstances after the
date they were made or to reflect the occurrence of unanticipated events.

In connection with the solicitation of proxies, Nautilus has filed with the
Securities and Exchange Commission (the "SEC") and mailed to shareholders a
definitive proxy statement (the "Proxy Statement"). The Proxy Statement
contains detailed information about Nautilus, the special meeting and
individuals who are deemed to be participants in Nautilus' solicitation of
proxies. Nautilus' shareholders are urged to read the Proxy Statement
carefully in its entirety. Shareholders may obtain additional free copies
of the Proxy Statement and other relevant documents filed with the SEC by
Nautilus through the website maintained by the SEC at www.sec.gov or at
Nautilus' website at www.nautilusinc.com.